Laserfiche WebLink
Item No. 7.C. <br />Meeting Date: August 25, 2008 <br />Type of Business: Council Business <br />Administrator Review: ____ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Public Hearing, Second Reading and Adoption of <br />Ordinance 812, an Ordinance Implementing a Franchise <br />Fee on Xcel Energy Electric and Natural Gas Operations <br />within the City of Mounds View <br /> <br />Attached is an ordinance to receive a second reading and adoption. A notice of the <br />Public Hearing was published in the August 13, 2008 edition of the New Brighton- <br />Mounds View Bulletin. <br /> <br />This ordinance continues the agreement with Xcel Energy under which Xcel Energy will <br />collect a franchise fee in the amount of 4% of Xcel’s electric and natural gas gross <br />operating revenues for services within the City of Mounds View during the year 2009. <br /> <br />Ordinances 517 and 518 passed on October 13, 1992 originally enacted the franchise <br />agreement. It provides that the City may impose a franchise fee of not more than 4% of <br />Xcel’s gross operating revenues at any time during the 20-year term of the franchise. <br />The 20-year term runs from 1993 through 2012 and the franchise fee was first collected <br />in 1993. <br /> <br />It has been the practice to include a sunset provision in the ordinance that requires it to <br />be re-enacted each year. The Council may want to consider extending this period to <br />the end of the franchise agreement of 2012. <br /> <br />This is a roll-call vote and staff has included an ordinance summary for council <br />consideration. If adopted, the ordinance will be published in the New Brighton-Mounds <br />View Bulletin and take effect 30 days after publication. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br /> <br />Mark Beer <br /> <br />